Agency
A buyer's representation agreement in Nebraska creates:
AAn agency relationship where the broker represents the seller
BAn agency relationship where the broker represents the buyer✓ Correct
CA dual agency by default
DA transaction brokerage relationship with no duties to either party
Explanation
A buyer's representation agreement creates an agency relationship in which the broker (and their salespersons) represent and owe fiduciary duties to the buyer, not the seller.
Related Nebraska Agency Questions
- Under Nebraska agency law, when a licensee acts as a transaction broker, the licensee:
- A seller's agent in Nebraska who becomes aware that the buyer is having second thoughts about the purchase should:
- A Nebraska agent's duty to their client survives the termination of the agency agreement with respect to:
- A buyer's agent in Nebraska owes which duty to the buyer client?
- Ratification of an unauthorized act by an agent occurs when:
- Under Nebraska law, when an agent acting for a buyer learns that the seller recently performed undisclosed repairs to the roof, the buyer's agent should:
- Vicarious liability in Nebraska real estate means a broker may be responsible for:
- Nebraska's agency law permits a buyer's agent to negotiate the lowest possible price for their client, which is consistent with the duty of:
Practice More Nebraska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nebraska Quiz →